London-based forex startup Tramonex has scored a £250,000 grant from the UK government to develop a prototype for cross currency payments using Blockchain technology.
Marc Avedissian, co-founder and COO, Tramonex, said:
“It’s only a question of time until Blockchain technology goes mainstream and becomes the standardised option for cross-currency transfers. With this grant, Tramonex wants to provide a platform to create a common standard, to ultimately reduce the time and cost to transact across currencies.”
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